South African retail giant Shoprite moves into mobile payments and banking

Banking services now more accessible with Shoprite Money — Shoprite — “This new service will enable customers to deposit, withdraw or send money as well as buy groceries at any of the till points in all Shoprite, Checkers, Checkers Hyper or Usave stores across South Africa… Shoprite Money is set to roll out in multiple countries in Africa over the next 12 to 18 months, which will hold additional benefits for customers including seamless and cost effective cross-border remittance.”


FNB to roll out biometric ATMs that customers can use to open a bank account

Biometric ATMs extend banking services — IT-Online — “The TouchPoint validates a customer’s identity by scanning a fingerprint placed on the biometric reader and it can detect false fingerprints to prevent fraud. The identity of the customer is then verified with the Department of Home Affairs to ensure the self-service account opening complies with the relevant laws.”





Mastercard tests biometric payments card in South Africa

Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More





Proxama signs South African EMV deal

PARTNER NEWS: Proxama has signed a five-year contract with a “leading South African insurance and financial services provider” for the supply of in-house EMV card issuing, PIN management and card life cycle management... More


One fifth of global consumers have made an in-store mobile payment as China leads the way

Mobile Money Report

Nearly one fifth of global consumers (18%) have made an in-store mobile payment in the past six months, representing an increase of 10% from the same period in 2014, research released by trade body Mobile Ecosystem Forum (MEF) reveals. Chinese consumers lead the way, with 38% of them having paid with their phone at the point of sale — nearly double the global average. More










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